Origin Energy Limited (Origin) today announced the successful pricing and allocation of €750 million seven and a half year medium term notes (Notes) issue under its Euro Medium Term Note Program (Program).

The Notes have a coupon of 2.50 per cent and will mature in October 2020. The proceeds have been swapped into Australian dollars.

The settlement of the offering is expected to occur by the end of April 2013 and is subject to customary settlement conditions.

The Notes will be issued by Origin Energy Finance Limited (a subsidiary of Origin) and will be guaranteed by Origin and certain of its subsidiaries.

This transaction follows the settlement on 5 April 2013 of a €150 million issuance of ten year notes under the Program, also swapped into Australian dollars.

Origin Executive Director, Finance and Strategy, Ms Karen Moses said, "Origin continues to focus on managing the maturity of its existing debt facilities, and the proceeds from both issues will be applied to the refinancing of existing debt used to fund capital expenditure associated with the Australia Pacific LNG project."

A summary of the key terms and conditions for both transactions is attached in Annexure A.



Anneliis Allen
Senior External Affairs Manager
Ph: +61 2 8345 5119
Mobile: +61 428 967 166
Kylie Springall
Group Manager, Investor Relations
Ph: +61 2 8345 5288
Mobile: +61 400 477 393

Annexure A – Summary of key terms and conditions
Transaction 7.5 year notes 10 year notes
Size EUR750,000,000 EUR150,000,000
Proceeds in AUD AUD949,607,496 AUD186,081,131
Coupon 2.500 per cent 3.000 per cent
Maturity October 2020 5 April 2023
Issuer Origin Energy Finance Limited
Guarantors Origin Energy Limited and certain of its subsidiaries
Ranking Pari passu with all other unsubordinated and unsecured indebtedness of the Issuer
Change of Control Upon the downgrade of the Notes to below investment grade by two or more rating agencies engaged by Origin within a specified period of a chage of control of Origin, each holder of the Notes has the right to require the Issuer to purchase that holder’s Notes at the principal amount plus any unpaid interest to the date of the purchase